https://www.taxtmi.com/caselaws?id=244123 A stay application in a valuation and Cenvat credit dispute was rejected because the appellants failed to reconcile commercial invoices, the trial balance and ER-1 returns. The claimed cash discount was not backed by evidence of a uniform and admissible discount practice, and credit taken on debit notes and sales commission was treated as prima facie vulnerable under the Cenvat credit rules. On the material available, the balance of probability favoured the Revenue. Complete waiver of pre-deposit was therefore declined, and the appellants were directed to deposit the specified amount within twelve weeks, with the balance demand and penalties stayed only upon compliance. en-us Mon, 07 Oct 2013 00:00:00 +0530 Wed, 19 Feb 2014 06:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244123 A stay application in a valuation and Cenvat credit dispute was rejected because the appellants failed to reconcile commercial invoices, the trial balance and ER-1 returns. The claimed cash discount was not backed by evidence of a uniform and admissible discount practice, and credit taken on debit notes and sales commission was treated as prima facie vulnerable under the Cenvat credit rules. On the material available, the balance of probability favoured the Revenue. Complete waiver of pre-deposit was therefore declined, and the appellants were directed to deposit the specified amount within twelve weeks, with the balance demand and penalties stayed only upon compliance. Case-Laws Central Excise Mon, 07 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244123